Nov. 2: Purchased $ 3 comma 200 of merchandise inventory on account under terms 1/10, n/EOM and FOB shipping point. Date Accounts Debit Credit Nov. 2 Purchases 3,200 Accounts Payable 3,200 Nov. 6: Returned $ 600 of defective merchandise purchased on November 2. Date Accounts Debit Credit Nov. 6 Accounts Payable 600 Purchase Returns and Allowances 600 Nov. 8: Paid freight bill of $ 130 on November 2 purchase. Date Accounts Debit Credit Nov. 8 Freight In 130 Cash 130 Nov. 10: Sold merchandise inventory on account for $ 6 comma 200. Payment terms were 1/15, n/45. Date Accounts Debit Credit Nov. 10 Accounts Receivable 6,138 Sales Revenue 6,138 Nov. 11: Paid amount owed on credit purchase of November 2, less the return and the discount. Date Accounts Debit Credit Nov. 11 Accounts Payable 2600 Choose from any list or enter any number in the input fields and then click Check Answer. 1 part remaining More Info Nov. 2 Purchased $ 3 comma 200 of merchandise inventory on account under terms 1/10, n/EOM and FOB shipping point. 6 Returned $ 600 of defective merchandise purchased on November 2. 8 Paid freight bill of $ 130 on November 2 purchase. 10 Sold merchandise inventory on account for $ 6 comma 200. Payment terms were 1/15, n/45. 11 Paid amount owed on credit purchase of November 2, less the return and the discount. 22 Received cash from November 10 customer in full settlement of their debt, less the discount.